Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Sees Large Growth in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXXGet Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 6,000 shares, an increase of 5.3% from the September 30th total of 5,700 shares. Based on an average daily volume of 140,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

Several hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in shares of Inflection Point Acquisition Corp. II by 250.0% during the first quarter. Picton Mahoney Asset Management now owns 875,000 shares of the company’s stock worth $9,157,000 after buying an additional 625,000 shares in the last quarter. Maso Capital Partners Ltd bought a new position in shares of Inflection Point Acquisition Corp. II in the 1st quarter valued at $1,047,000. Virtu Financial LLC bought a new position in shares of Inflection Point Acquisition Corp. II in the 1st quarter valued at $720,000. Wolverine Asset Management LLC increased its stake in shares of Inflection Point Acquisition Corp. II by 20,059.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company’s stock valued at $4,906,000 after purchasing an additional 460,554 shares during the last quarter. Finally, Cowen AND Company LLC grew its position in Inflection Point Acquisition Corp. II by 55.2% during the 2nd quarter. Cowen AND Company LLC now owns 405,958 shares of the company’s stock worth $4,303,000 after acquiring an additional 144,367 shares during the last quarter.

Inflection Point Acquisition Corp. II Trading Up 0.2 %

Shares of NASDAQ:IPXX opened at $10.78 on Friday. The business’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $10.64. Inflection Point Acquisition Corp. II has a fifty-two week low of $10.23 and a fifty-two week high of $11.00.

About Inflection Point Acquisition Corp. II

(Get Free Report)

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.

Featured Articles

Receive News & Ratings for Inflection Point Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inflection Point Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.